Keppel Land Limited through its wholly-owned subsidiary, Keppel Land (Indonesia) Pte Ltd, has signed a non-binding General Collaboration Agreement with PT Metropolitan Land Tbk to cooperate on residential projects owned and occupied by Metland in Greater Jakarta, with an investment value of up to approximately SGD 470 million. Under the agreement, Keppel Land and Metland will each inject an equal amount of capital for joint residential projects. The cooperation follows Keppel Land and Metland's first collaboration to develop about 500 landed homes at The Riviera at Puri, a gated riverfront estate in Tangerang, Greater Jakarta. Keppel Land and Metland are also exploring a residential site in East Jakarta.